en.Wedoany.com Reported - Argentina's mining sector is transitioning from promise to a new macroeconomic pillar. Deloitte Consulting predicts that if existing projects proceed smoothly, Argentina's mining exports will surge from the current $6 billion to at least $30 billion annually by 2035. This represents a 420% external growth, positioning mining alongside agribusiness as a key force in diversifying foreign exchange sources.

This growth is closely linked to the Large Investment Incentive Regime (RIGI). Under this regime, approved and under-evaluation projects have committed a total investment of $27 billion. Roberto Cacciola, President of the Argentine Chamber of Mining Companies, stated that while geological potential is immense, legal certainty is needed to guarantee predictability for long-term investments.

The report details the projected revenue composition for 2035: copper will contribute $13.5 billion, with new deposits reintegrating Argentina into the global market, driven by energy transition demand; lithium will contribute $7 billion, positioning Argentina as a strategic supplier for electric vehicle batteries; gold production will reach 54 tons annually, mostly as a byproduct of large-scale copper mines.

Mining development not only brings dollar revenue but will also stimulate the economies of Andean provinces. It is estimated that mining could account for 2% of GDP, becoming a powerful tool for federal development. Cacciola emphasized, "Mining is a concrete tool for creating genuine employment and reducing poverty."

However, the report warns that achieving this goal requires addressing structural challenges: logistics infrastructure needs to improve transport capacity; macroeconomic stability is key to supporting investment cycles exceeding 20 years; human capital requires training local workers and strengthening regional suppliers.

If these conditions are met, the mining sector will shed its "secondary role" over the next decade and become an engine for activating the economies of the Northwest and Cuyo regions.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com